Property Overview: 103 Nordstrom Drive, Island Lakes, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Island Lakes offers a practical and comfortable family living space. With 1,708 sqft of living area, it sits comfortably above the Winnipeg average, providing ample room without being oversized. A key feature is its renovated basement, adding valuable finished space. The home was built in 2007, making it notably newer than most in the city and especially within its own neighborhood, suggesting modern construction standards and potentially lower immediate maintenance needs.
Its appeal lies in its balanced, middle-ground positioning. It’s not the largest or most expensive home on the street or in Island Lakes, but it holds its own with above-average size citywide and a premium on newness. The attached garage and standard lot size round out a classic suburban package. This property would suit first-time buyers or growing families looking for a move-in-ready home in a well-established neighborhood, who value a modern build year and extra finished space in the basement over having the largest footprint on the block. A thoughtful perspective is that its "above-average for the city, but average for the area" status could represent a smart value entry into a desirable community.
Section 2: Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home is currently assessed at $49.80k. The last recorded sale was between $39.50k and $42.50k in June 2019. It's important to consult a real estate professional for a current market valuation, as assessed value for taxes often differs from market value.
2. Is the lot size typical for the area?
Yes. The lot of 5,406 sqft is very close to the average for Nordstrom Drive and Island Lakes, though slightly smaller than the Winnipeg citywide average.
3. What does the "Elite" ranking for Year Built in Island Lakes mean?
This indicates the 2007 build date is newer than approximately 98% of comparable homes in Island Lakes. This is a standout feature, suggesting the neighborhood primarily consists of older homes, making this one a relatively recent construction.
4. How does the living space compare to nearby homes?
On its own street, the living area is just slightly below the local average. However, compared to all of Winnipeg, it offers more space than about 79% of comparable homes, making it a spacious option in the broader market.
5. Why is the assessed value on the street considered "below average"?
The data shows the average assessed value for comparable homes on Nordstrom Drive is about $520k, making this home's $49.80k assessment significantly lower. This may reflect differences in lot size, finishes, or specific model features, and highlights the importance of viewing the property in person to understand its condition and layout relative to neighbors.